For Sale
32490 VAN DYKE Avenue, Warren, MI 48093
$1,600,000
MLS # 50187507 (MiRealSource)
5,074 sqftBuilt 19500.63 acres
1 / 7
Listing Description
Discover a lucrative investment opportunity at the King Richard Motel! This charming 19-unit extended stay motel, along with one apartment, is strategically located on Van Dyke Ave with 229 feet of frontage, ensuring high visibility to over 52,000 passing vehicles daily. Renovated in 2024 at a cost exceeding $100,000, this property boasts modern amenities and a refreshed look. The conversion to an extended stay concept has significantly enhanced revenue prospects, with a gross income of $300,960 and a net income of $243,056, offering an exceptional cap rate of 14.3%. Convenient land contract terms are available for this C-1 zoned property, offering 0.63 acres of potential in a bustling commercial area surrounded by established national retail brands. With ample parking, room for expansion, and a prime location near major retailers, the King Richard Motel presents a remarkable investment opportunity for aspiring hospitality entrepreneurs or seasoned investors.
Source: SparkMLS
About this home
This 5,074 sq ft home built in 1950 sits in Warren in Warren.
Listed at $1,600,000 (about $315/sq ft).
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company. Broadband is available with download speeds up to 2,000 Mbps from 9 providers.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeIndustrial
Bathrooms0
Living Area5,074 sqft
Lot Size0.63 acres
Year Built1950
Location
CityWarren
MunicipalityWarren
Zip Code48093
CountyMacomb
Construction & Systems
ConstructionBrick
SewerPublic
Sale & Financing
Listed9/4/2025
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Tariq Herish
Brookstone, Realtors LLC
Frequently Asked Questions about 32490 VAN DYKE Avenue, Warren, MI 48093
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 32490 VAN DYKE Avenue, Warren, MI 48093 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 32490 VAN DYKE Avenue, Warren, MI 48093 in a flood zone?
Per FEMA flood maps, this property is designated as Zone AE, a high-risk flood area. Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 32490 VAN DYKE Avenue, Warren, MI 48093. The maximum advertised download speed is 2.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 32490 VAN DYKE Avenue, Warren, MI 48093?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Macomb County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Loading map...
Mortgage Calculator
$
%
$
$
$
Monthly payment$10,378
Principal & interest$10,378
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 Mbps
CableLicensed Fixed WirelessGSO SatelliteDSLSatellite
9 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
32490 VAN DYKE Avenue, Warren, MI 48093
View full property history →
Municipality
Warren
View all listings →
County
Macomb County
View county overview →
Get email alerts for new listings near 32490 VAN DYKE Avenue
We'll notify you when something hits the market in Warren or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.